Wandering in the Thought of Classical Economists

  What you have collectively learned during the Midterm in this Course?          With all of the knowledge and ideas that I had collectively gained during the midterm, I am certain that there were people who challenged the status quo during their time to the point that they were sometimes called “mad” for having ideas that were non-conformative. Thus, opening and giving the world a new perspective in order to live, develop our systems, and improve our lives. More than that, the lessons during this midterm allow us to understand how classical economists think and the factors affecting their decisions and beliefs in life.         By that, I am more than willing to learn more and explore the world of thought of our economists.

Since then, people have defined and measured wealth in many different forms, aspects, and factors, so, just our classical economists. This infographic explicitly shows and defines how the four classical economists compare and identify wealth. Some may have it through goods and services, and some measure it through gold and silver they have.

         My timeline shows the four classical economists, indicating their greatest theories, concepts, and ideas that were able to shape the economics and market systems of the world. In addition, it is very crucial to understand the history or background of the economists and how it affects their beliefs and ways of thinking.